Lockheed Martin To Authorize Canada's Cascade Aerospace As A C-130 Heavy Maintenance Center
ABBOTSFORD, British Columbia, Aug. 10, 2012 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) announced today at the 50th anniversary Abbotsford International Air Show that Cascade Aerospace will be authorized as a C-130 Heavy Maintenance Center (HMC) – only the second such center in the world. Cascade is currently a Hercules Service Center (HSC) and conducts in-service support for Canada's legacy CC-130 and new CC-130J fleets.
"During its time as an existing Hercules maintainer, Cascade has demonstrated it has both the capability and process integrity to be certified as a C-130 Heavy Maintenance Center," said George Shultz, Lockheed Martin vice president and general manager for C-130 programs. "As we see worldwide interest in C-130 support expand, it is incumbent upon us to ensure that qualified and experienced companies support the Hercules community. Cascade is dedicated to supporting Canada's CC-130 fleet and authorizing its role as an HMC provider is a natural step in our overall partnership."
"We are honored to receive this prestigious status from Lockheed Martin," said David Schellenberg, Cascade Aerospace CEO. "We are privileged to have Lockheed Martin's respect and credibility behind it, and to be positioned as one of only two C-130 HMCs in the world. With more than 1,450 C-130s currently operating in 65 countries around the globe − as well as Lockheed Martin's C-130J delivery backlog and strong order book − this much-appreciated standing will significantly increase the international opportunities for Cascade Aerospace."
Lockheed Martin delivered Canada's 17th CC-130J aircraft to the Royal Canadian Air Force at 8 Wing Trenton earlier this year, completing the order Canada placed in December 2007 and delivering the aircraft on budget and three months ahead of schedule. Cascade's team supports the day-to-day activities of both the CC-130J and legacy model aircraft at 8 Wing Trenton, the hub of air mobility operations in Canada.
Lockheed Martin awarded a 20-year contract in 2010 to Cascade for maintenance services to support Canada's new CC-130Js. Cascade also provides fleet management services directly to the RCAF for their legacy model C-130 fleet. Cascade is one of only two Lockheed Martin-authorized Hercules Service Centers in the western hemisphere and one of 13 worldwide. An HMC is one that is authorized to do work on the new C-130J aircraft whereas an HSC is authorized to do work on the legacy C-130B-H aircraft. Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 120,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation's net sales for 2011 were $46.5 billion. For additional information, visit our websites: http://www.lockheedmartin.com http://www.codeonemagazine.com SOURCE Lockheed Martin Aeronautics Company
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
TheStreet Quant Ratings
TRY IT FREENew! $49.95/yr
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
Product Features:
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Dividend Stock Advisor
TRY IT FREEJim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
